Daily Pivots: (S1) 1.1059; (P) 1.1092; (R1) 1.1121; More…

EUR/CHF is staying in consolidation from 1.1056 temporary low and intraday bias remains neutral for the moment. In case of another recovery, upside should be limited below 1.1264 resistance to bring further decline. On the downside, break of 1.1056 will resume the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1053; (P) 1.1092; (R1) 1.1119; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1056 is still in progress. In case of stronger recovery, upside should be limited below 1.1264 resistance to bring further decline. On the downside, break of 1.1056 will resume the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1072; (P) 1.1100; (R1) 1.1127; More…

EUR/CHF’s consolidation from 1.1056 is still in progress and intraday bias remains neutral first. In case of stronger recovery, upside should be limited below 1.1264 resistance to bring further decline. On the downside, break of 1.1056 will resume the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF’s down trend resumed last week and dropped sharply to as low as 1.1056. As a temporary low was formed, initial bias is neutral this week for some consolidation first. Upside could recovery should be limited below 1.1264 resistance to bring another decline. On the downside, break of 1.1056 will resume decline to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1037; (P) 1.1105; (R1) 1.1152; More…

EUR/CHF recovers after hitting 1.1056. But with 1.1145 minor resistance intact, intraday bias stays on the downside for further decline. Current down trend should target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next. On the upside, above 1.1145 minor resistance will turn intraday bias neutral for consolidation first. But recovery should be limited below 1.1264 resistance to bring further decline.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1140; (P) 1.1176; (R1) 1.1197; More…

EUR/CHF drops to as low as 1.1085 and break of 1.1119 support confirms down trend resumption. Intraday bias stays on the downside for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next. On the upside, above 1.1163 minor resistance will turn intraday bias neutral for consolidation first. But recovery should be limited below 1.1264 resistance to bring further decline.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1140; (P) 1.1176; (R1) 1.1197; More…

Intraday bias in EUR?CHF remains on the downside for 1.1119 support. Firm break there will resume recent down trend and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next. On the upside, in case of another recovery, upside should be limited by 1.1264 resistance to bring fall resumption eventually.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1175; (P) 1.1194; (R1) 1.1216; More….

EUR/CHF’s break of 1.1186 minor support suggests that corrective recovery from 1.1119 has completed at 1.1264 already. Intraday bias is turned back to the downside for retesting 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next. On the upside, in case of another recovery, upside should be limited by 1.1278 resistance to bring fall resumption eventually.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1191; (P) 1.1206; (R1) 1.1223; More….

No change in EUR/CHF’s outlook and intraday bias remains neutral first. Recovery from 1.1119 is seen as a correction and upside should be limited by 1.1278 resistance to bring fall resumption. On the downside, break of 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1183; (P) 1.1205; (R1) 1.1219; More….

Intraday bias in EUR/CHF remains neutral at this point. Recovery from 1.1119 is seen as a correction and upside should be limited by 1.1278 resistance to bring fall resumption. On the downside, break of 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF’s recovery from 1.1119 extended to 1.1264 last week but failed to break through 1.1278 resistance as expected. Initial bias is neutral this week first and some more consolidations could be seen. On the downside, break of 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next limited.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1187; (P) 1.1219; (R1) 1.1238; More….

Intraday bias in EUR/CHF remains neutral at this point and consolidation from 1.1119 might extend. Upside of recovery should be limited below 1.1278 resistance to bring fall resumption. On the downside, below 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next limited.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1220; (P) 1.1242; (R1) 1.1260; More….

Outlook in EUR/CHF remains unchanged as consolidation from 1.1119 is in progress. In case of stronger rise, upside should be below 1.1278 resistance to bring fall resumption. On the downside, below 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next limited.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1204; (P) 1.1224; (R1) 1.1260; More….

EUR/CHF’s recovery from 1.1119 extends further but outlook is unchanged. Upside should be limited below 1.1278 resistance to bring fall resumption. On the downside, below 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1185; (P) 1.1197; (R1) 1.1210; More….

EUR/CHF recovers mildly today and consolidation from 1.1119 is extending. Intraday bias stays neutral first. In case of stronger recovery, upside should be limited below 1.1278 resistance to bring fall resumption. On the downside, break of 1.1119 will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1174; (P) 1.1190; (R1) 1.1213; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1119 temporary low is extending. In case of stronger recovery, upside should be limited below 1.1278 resistance to bring fall resumption. On the downside, break of 1.1119 will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF dropped further to 1.1119 last week but turned sideway since then. Initial bias remains neutral this week for consolidations first. Upside of recovery should be limited below 1.1278 resistance to bring fall resumption. On the downside, break of 1.1119 will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

Daily Pivots: (S1) 1.1157; (P) 1.1177; (R1) 1.1200; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1119 is extending. In case of stronger recovery, upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

Daily Pivots: (S1) 1.1134; (P) 1.1165; (R1) 1.1194; More….

EUR/CHF is staying in consolidation from 1.1119 and intraday bias remains neutral first. In case of stronger recovery, upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

Daily Pivots: (S1) 1.1148; (P) 1.1169; (R1) 1.1186; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 1.1119 temporary low. Upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.